incentiveAmount

Describes the amount that can be redeemed from this incentive.

QuantitativeValue: Use this for incentives based on price (either raw amount or percentage-based). For a raw amount example, "You can claim $2,500 - $7,500 from the total cost of installation" would be represented as the following:

{ "@type": "QuantitativeValue", “minValue”: 2500, “maxValue”: 7500, "unitCode": "USD" }

QuantitativeValue can also be used for percentage amounts. In such cases, value is used to represent the incentive’s percentage, while maxValue represents a limit (if one exists) to that incentive. The unitCode should be 'P1' and the unitText should be '%', while valueReference should be used for holding the currency type. For example, "You can claim up to 30% of the total cost of installation, up to a maximum of $7,500" would be:

{ "@type": "QuantitativeValue", "value": 30, "unitCode": "P1", "unitText": "%", “maxValue”: 7500, “valueReference”: “USD” }

UnitPriceSpecification: Use this for incentives that are based on amounts rather than price. For example, a net metering rebate that pays $10/kWh, up to $1,000:

{ "@type": "UnitPriceSpecification", "price": 10, "priceCurrency": "USD", "referenceQuantity": 1, "unitCode": "DO3", "unitText": "kw/h", "maxPrice": 1000, "description": "$10 / kwh up to $1000" }

LoanOrCredit: Use for incentives that are loan based. For example, a loan of $4,000 - $50,000 with a repayment term of 10 years, interest free would look like:

{ "@type": "LoanOrCredit", "loanTerm": { "@type":"QuantitativeValue", "value":"10", "unitCode": "ANN" }, "amount":[ { "@type": "QuantitativeValue", "Name":"fixed interest rate", "value":"0", }, ], "amount":[ { "@type": "MonetaryAmount", "Name":"min loan amount", "value":"4000", "currency":"CAD" }, { "@type": "MonetaryAmount", "Name":"max loan amount", "value":"50000", "currency":"CAD" } ], }

In summary:

• Use QuantitativeValue for absolute/percentage-based incentives applied on the price of a good/service.

• Use UnitPriceSpecification for incentives based on a per-unit basis (e.g. net metering).

• Use LoanOrCredit for loans/credits.

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